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Property profile & analytics
OFF-MARKET Estimated value $1,235,000
Strip malls

4700 Ottawa St Bismarck, ND 58503-5735

12,630 SF 1.57 ac lot Built 2020
Entity Owned Absentee Owner Free & Clear
Property ID
US56-0059883
Property summary
AI-generated overview

This exceptional 1,375 square foot office space is located at 4700 Ottawa St, Unit F, in Bismarck, North Dakota, zip code 58503. Situated in the rapidly expanding North Bismarck retail district, this single-tenant unit is part of a larger 12,635 square foot building constructed in 2021. The property boasts a convenient one-story design, offering easy accessibility. The space is ideally suited for a variety of uses, including medical offices, creative offices, coworking spaces, or executive offices, reflecting its versatile zoning classification (CG). Ample parking is provided with 64 spaces available in a large concrete lot, featuring convenient front door parking. The lease rate is $22.00 per square foot, plus $4.00 per square foot in NNN charges. This is the last available unit in the building, presenting a unique opportunity for businesses seeking a modern, well-located office space in a thriving area of Bismarck. The property's prime location and abundant parking make it an attractive option for employees and clients alike. Don't miss this chance to secure your business's future in this dynamic North Dakota market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2020
Total area 12,630 SF
Lot 1.57 ac (68,215 SF)
Zoning code CG
APN 1598-001-002
UPID US56-0059883
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bill’s Barbershop Barber Shop
  • Credit Bureau of Bismarck Inc. Accounting Firm Loan Service
  • Michael J. Gossett, DC Alternative Medicine Practice
  • SR Drivers Insurance of Bismarck Marketing & Advertising
  • Dakota Family Chiropractic Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.24M
Owner & transaction history
GOSSETT ENTERPRISES LLC
GOSSETT ENTERPRISES LLC
Zoning & alternative use
CG · Bismarck, ND
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

14-04-12. CG Commercial District . In any CG commercial district , the following regulations shall apply: 1. General description. The CG commercial district is a heavy commercial area located outside the central business district to provide commerce and service to the City of Bismarck and surrounding regional market. The CG commercial district is established…

Zone name Heavy Commercial
General category COMMERCIAL
Zone area 2,214.40 ac
Source TABLE OF CONTENTS
Top alternative use upside
Commercial (general) $2.0M +14.0%
Industrial (general) $1.8M +5.2%
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